Singapore digital trade platform Olea has completed a $30 million Series A funding round, with investors including Banco Bilbao Vizcaya Argentaria (BBVA), XDC Network, theDOCK, and SC Ventures, a subsidiary of Standard Chartered Bank. The funds will be used to accelerate the deployment of AI and Web3 solutions in high-growth markets, strengthening embedded finance, risk analysis, and other products. Since its establishment in 2022, the Olea platform has been licensed by the Monetary Authority of Singapore (MAS) CMS and has provided over $3 billion in financing to more than 1,000 enterprises across more than 70 trade corridors.
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